The fact is that we’re always in transition.
As much as we want stability, our lives and situations are never stable.
We’re always moving towards something, or away from it. We’re always driving forward or backwards, in one context or another. There is literally nothing (or very little, anyway) that we can take for granted.
It’s a fact that strong financial management is fundamental to sound business management. If your revenues don’t exceed your costs on a consistent basis, you will be out of business soon enough.
There’s simply no arguing with that. You can layer in whatever complexity you like, but that truism still holds (which is why it’s a truism).
This month kicks off 2021 with a few thoughts on mindset - and specifically getting our heads straight as we look forward to our goals and what we want to get done over the next 12 months.
Today's episode closes out the month with a few thoughts on mindset and how we tend to define standards that, frankly, constrain us more than they help us, especially when we're just starting out.
When I started in Management Consulting, everyone wanted to do “Strategy” work. Strategy was sexy. It was glamorous. It was something to brag about. Newly minted Analysts and Associates would jostle for pole position to be part of those teams.
And make no mistake, Strategy work was interesting and fun. But, for the most part, that wasn’t what paid the bills.
I’ve always wanted to have all of the answers. I’ve always wanted to be that guy who knows what’s happening, has a clear and cogent explanation, and can provide my point of view on the spot.
But that can’t always be the case. Nobody can have all the answers - not me, not you. And, really, there’s no issue with that.
Where the issue does arise, though, is when I try and speak with authority when I have none.
This month kicks off 2021 with a few thoughts on mindset - and specifically getting our heads straight as we look forward to our goals and what we want to get done over the next 12 months.
In today's episode, I go on a bit of a rant about this idea of "age-appropriate". I don't know who came up with this idea but, frankly, it's nonsense and in this show, I talk about why.
Every game has its own rules. They’re there for a reason - so that everyone works to a level playing field. That there’s no unfair advantage. So that there’s no bias in how one team or player is judged relative to another.
Of course, teams push the boundaries. They’ll operate at the margins of the rules where they can, in order to gain some sort of advantage. I get that.
But underlying it all, it’s important for everyone to operate on the basis of fairness and the principle of good faith performance. Surely, we all want that.
I’ve written before about how the most important subject at business school is also the least respected i.e. anything to do with Human Resources.
The conventional view is that those subjects are “soft and fluffy”, subjects that don’t merit real attention - not like Strategy or Finance, for example. But how we work with each other, how we lead and manage those who we’re responsible for is, in fact, the single most important driver of success in any business, bar none.
This month kicks off 2021 with a few thoughts on mindset - and specifically getting our heads straight as we look forward to our goals and what we want to get done over the next 12 months.
In today's episode, I share a brief story about an interaction I had with a friend many years ago. The lessons from that story speaks to the constraints we put on ourselves about the things we aspire to do and who we want to be.
Many times, there’s a real value to contrarian thinking.
In investment terms, the best time to buy is when the market is down and everyone is running for the doors. Or, in personnel terms, placing a bet on the young up-and-comer who’s been committed and loyal to the cause, when conventional wisdom says to go out and hire an established name.
But there are times when the contrarian approach doesn’t make sense, and despite our desire to do what we feel is right, we need to accept that we might actually be wrong.
Patterns matter. They tell you a lot about people.
Consistent patterns of behavior tell you whether someone is good, whether they’re credible, whether they’re dedicated, etc. That’s just a fact.
Sure, everyone can (and will) have bad days. Days where things just aren’t going the way they’d like, when they feel as if they’re at the end of their tether. In those instances, we’ll say and do things that don’t represent who we are. That’s also a fact, and it happens to the best of us.
This month kicks off 2021 with a few thoughts on mindset - and specifically getting our heads straight as we look forward to our goals and what we want to get done over the next 12 months.
Today's episode focuses on our belief systems, the boxes we tend to put ourselves in and how an interview with a famous classical musician reminded me of the need to think differently.
So what’s the average age of successful entrepreneurs in the US? Not just entrepreneurs in general, but the founders at the fastest growing new ventures?
45.
That’s right. The average successful, high growth entrepreneur is, at founding, far older than conventional wisdom and the mainstream media would have us believe.
I was going to start this post with a comment about how crazy and unprecedented 2020 was, but then I realized that a) it would be cliched, b) I’ve already made that point in numerous posts over the last year and, c) it would be cliched.
Instead, I’m going to focus this post on two things - the things I’m proud I’ve been able to do on this blog over the last twelve months and then share a bit of my mindset for the coming twelve.
This month's podcast closes out the year with my thoughts on the COVID-19 pandemic that's absorbed all of us this year. I'll share my perspectives on how I've assessed this impact and how I interpret its impact going forward.
Today's podcast closes out the year with my thoughts on how 2020 and COVID-19 has forced us to rethink how we need to approach 2021 - specifically in terms of options and agility.
It’s the end of the year and about when we start thinking about 2021 and what our plans are for the New Year.
Some of these ideas that we’re considering are new - new hobbies we want to take on, new skills we’d like to develop, new ventures we’d like to create. The thrill and excitement of doing something we’ve never done before is intoxicating, something to really look forward to.
One of the hardest things to get your head around when you’ve decided to create something new, is that no one has the answer to what you need to do.
How your offering should be designed, what it should do, how it should be priced - all of this is up for debate. There may be comparables out there - models that you can compare to and get ideas from, and they can offer a guide, a few suggestions along the path.
This month's podcast closes out the year with my thoughts on the COVID-19 pandemic that's absorbed all of us this year. I'll share my perspectives on how I've assessed this impact and how I interpret its impact going forward.
Today's podcast take on the idea of Work From Home (WFH) and how it's changed many of our views so significantly this year. That said, I also think the idea that it's here to stay is overrated.
The ability to be present is, it seems to me, a talent. It’s a hard skill to develop and hone.
I don’t know if that’s the case for you, but it’s certainly been the case for me, something I’ve personally struggled with over the years.
Part of this is a tendency to take on multiple priorities. Part of this is a tendency to obsess over a situation or a task, to let it absorb me entirely.
If we look at who we are today, we’re really an amalgamation of the experiences we’ve gone through and the lessons we’ve taken from those experiences - lessons that have, over time, become ingrained in us.
I think of it a bit like a mental ‘patchwork quilt’ that’s been sown together over time. In some areas, the work is seamless and the colors and patterns flow naturally together. In others, though, depending on who’s done the stitching, it’s less elegant and the resulting work is jarring and ill-fitting.
